$ETH Continue to be bearish!

In the past week, I still expect a downward movement towards the 2677 position. The m-top that has currently formed means that if it wants to move upwards, it inevitably has to kill the bulls, even breaking below the 2770 position to converge to a certain amount of capital. If the market remains heavy, that would be the healthiest continuation of the decline, breaking below 2700 to form a false breakdown, leading to a direct bottom reversal back up!

Including the recent funding rates, they are also getting higher and higher. When I feel that the funding rate should be pushed down, even to negative, will we see a real breakthrough? For now, the main strategy is to short on rallies, with resistance levels at 3130, 3080, and 3150, all worth considering for short positions.